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Mar 25, 2013
03/13
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FOXNEWSW
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the economy can expand. the data is very clear. i think it is pretty much a no brainer. >> if an immigrant paints my house somehow we are all richer because the rest of us can specialize in something else? >> yes. one of the ways because he's cheaper he makes prices much lower prices of construction much lower for all of us. >> that mahas been my understanding by this flexibility of a labor market everything costs less we can get richer. >> what you are focusing on is the gross domestic product for example if we were to provide grants and amnesty to 12 million illegal aliens the gdp tote at that time total sum of all good and products would grow. >> they would stop hiding and report more income. >> that is an abstract method. it doesn't mean anything. it means squat for "john q" public. with the holy skilled low end jobs. the gdp is prizing. the opportunity for jobs and meaningful growth of the middle class wages are eroding. >> what would you do with the 12 million people who are here? >> you remove them, john, as they are identif
the economy can expand. the data is very clear. i think it is pretty much a no brainer. >> if an immigrant paints my house somehow we are all richer because the rest of us can specialize in something else? >> yes. one of the ways because he's cheaper he makes prices much lower prices of construction much lower for all of us. >> that mahas been my understanding by this flexibility of a labor market everything costs less we can get richer. >> what you are focusing on is...
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Mar 25, 2013
03/13
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FOXNEWSW
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economy, like it or not. but also a loss of productivity for businesses. when schools are closed, parents can't go to work, and it may be a day off but it's no vacation for the parents, and that's a lot of productivity in the work place. this most recent storm happens at quarter end. and some of those days are lost. >> also, municipalities are going to be affected. we know that state and local government have absolutely been desmated by rising healthcare costs, rising pension benefits they're paying out to retirees. this is the last strom they're paying what is left for snow removal, and they may have to ask for more money. the only silver lininges it forces families to stay home. have that dinner table conversation they might rather not have. they're all stuck in a dark room and can't use electronics. so there's so positives. >> neil: there is that. i'm wondering, this whole first quarter of the year has been buffetted by one storm after another and i'm wondering how it's going to affect the overall economy in terms of gdp and big data we get. will it be
economy, like it or not. but also a loss of productivity for businesses. when schools are closed, parents can't go to work, and it may be a day off but it's no vacation for the parents, and that's a lot of productivity in the work place. this most recent storm happens at quarter end. and some of those days are lost. >> also, municipalities are going to be affected. we know that state and local government have absolutely been desmated by rising healthcare costs, rising pension benefits...
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Mar 18, 2013
03/13
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MSNBCW
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the economist is out with a report on our economy's saying that our economy is in better shape than you think. we're back with that in a moment. first, i want to give a shout out to my grandmother mabel. she convinced her nursing home to switch cable providers just to see the cycle every day. go, mabel! [ jackie ] it's just so frustrating... ♪ the middle of this special moment and i need to run off to the bathroom. ♪ i'm fed up with always having to put my bladder's needs ahead of my daughter. ♪ so today, i'm finally talking to my doctor about overactive bladder symptoms. [ female announcer ] know that gotta go feeling? ask your doctor about prescription toviaz. one toviaz pill a day significantly reduces sudden urges and accidents, for 24 hours. if you have certain stomach problems or glaucoma, or can not empty your bladder, you should not take toviaz. get emergency medical help right away if your face, lips, throat or tongue swells. toviaz can cause blurred vision, dizziness, drowsiness and decreased sweating. do not drive, operate machinery or do unsafe tasks until you know how
the economist is out with a report on our economy's saying that our economy is in better shape than you think. we're back with that in a moment. first, i want to give a shout out to my grandmother mabel. she convinced her nursing home to switch cable providers just to see the cycle every day. go, mabel! [ jackie ] it's just so frustrating... ♪ the middle of this special moment and i need to run off to the bathroom. ♪ i'm fed up with always having to put my bladder's needs ahead of my...
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Mar 22, 2013
03/13
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FOXNEWSW
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i mean, you look at this economy right now, between regulation and taxes, this economy is a mess. and you compare this economy to exactly the same cycle of reagan's presidency getting 5, 6, 7, 8% growth a quarter. i mean-- >> so are you saying that the republicans, that should be a line in the sand for republicans, no tax increase. >> i think they should be more aggressively future oriented. what do we need to do to fix the regulations and the health system. obamacare, government-run bureaucratic health is going to collapse. every time you turn around, someone in this country, amazing, one program in the department of health and human services they think that 65% of the money loaning will be gone, never repaid. this is like solyndra on steroids except in the health field. every time you turn around there's another layer of bureaucracy and another mistake and as paul ryan said the panel that's supposed to come in next year is basically a rationing panel. what is it that senior citizens shouldn't get? and that's what they're going to be about and i think that that's a really bad ide
i mean, you look at this economy right now, between regulation and taxes, this economy is a mess. and you compare this economy to exactly the same cycle of reagan's presidency getting 5, 6, 7, 8% growth a quarter. i mean-- >> so are you saying that the republicans, that should be a line in the sand for republicans, no tax increase. >> i think they should be more aggressively future oriented. what do we need to do to fix the regulations and the health system. obamacare,...
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Mar 18, 2013
03/13
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MSNBCW
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so our focus right now is to number one, do no harm to the economy. number two, invest in a jobs plan that will help put people back to work. whether building roads or bridges or infrastructure or other things important to our economy. >> why will it take until 2040 to balance the budget under your plan? >> well, if you actually look at the past 40 years, we've only had four balanced budgets. those were during the clinton years and once leaning over to the bush years and then they squandered that balance. so the reason we do that is our focus is on jobs, craig. our focus is on meeting our commitments to seniors. we will not balance the budget on the backs of our kids' education or on the backs of our commitments to seniors. whether it is under medicare or medicaid. what we do is immediately begin to reduce the deficit so they're growing much slower than the economy. which is the important measure. and then we gradually get the balance in the year round 2040. which by the way is the same year that the republican balance last year, the budget last year
so our focus right now is to number one, do no harm to the economy. number two, invest in a jobs plan that will help put people back to work. whether building roads or bridges or infrastructure or other things important to our economy. >> why will it take until 2040 to balance the budget under your plan? >> well, if you actually look at the past 40 years, we've only had four balanced budgets. those were during the clinton years and once leaning over to the bush years and then they...
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Mar 24, 2013
03/13
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FBC
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overwhelmingly shows by increased economic growth but the duty is even low-skilled immigrants are good for this economy. they are befiting not just people like me or people working in washington d.c. because they knotheir lawn, watched their children but this is not the zero sum game and the data is clear it is a no-brainer. john: of the immigrant pains my house we are richer? >> yes. because he is cheaper e makes construction and prices lower for all of us. john: adits minder standing everything cost less a we get richer. >> to focus on the gdp if we would provide amnesty to 12 million in legal immigrants yes a total sum of products manufactured would grow. >> the more people in the bigger it gets but it is abstract but it doesn't mean anything for the public because if you find a the government with low-end jobs gdp is rising but opportunities for meaningful growth are eroding. john: what would you do with the 12 million who are here? >> you remove them as identified by law and allow them to leave voluntarily. if we have the incentives in place they would self to port with attrition. john: make it so
overwhelmingly shows by increased economic growth but the duty is even low-skilled immigrants are good for this economy. they are befiting not just people like me or people working in washington d.c. because they knotheir lawn, watched their children but this is not the zero sum game and the data is clear it is a no-brainer. john: of the immigrant pains my house we are richer? >> yes. because he is cheaper e makes construction and prices lower for all of us. john: adits minder standing...
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Mar 18, 2013
03/13
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KCSMMHZ
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. >> some positive news for the european economy today. airbus has just signed the biggest civil aviation deal in history. it is with ryanair. >> it will provide a much-needed boost to the economy promising to secure 5000 jobs in france alone over the coming decade. >> the signatures are worth a lot of money. airbus will likely discount package of 234 plans, they have a list price of 18 billion euro. assembly will take part in france with parts from several european locations. it will be at capacity for four years. >> of bills meanwhile pride that we epitomize european success. we are working together to create jobs. >> the deal means more than money and well paying jobs. ryanair is a new customer for airbus. they have previously purchased all their planes from their arrival, boeing. >> the western-backed opposition is meeting in istanbul to p ick the new prime minister. the first tasks is creating a cabinet. >> the conflict is expected to escalate further with britain and france say they plan on our main local groups. especially when it c
. >> some positive news for the european economy today. airbus has just signed the biggest civil aviation deal in history. it is with ryanair. >> it will provide a much-needed boost to the economy promising to secure 5000 jobs in france alone over the coming decade. >> the signatures are worth a lot of money. airbus will likely discount package of 234 plans, they have a list price of 18 billion euro. assembly will take part in france with parts from several european locations....
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Mar 22, 2013
03/13
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FOXNEWSW
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gang busters, first republican congress in 40 years, we cut taxes and that gave us the magnificent economy that clinton brags about and yet, that government got shut down in the end of 1995, our first, the republicans first term there. it really, really hurt republicans because it looks like we can't care about the things that-- >> they hung on, they won. not only that, but that's how we got to a balanced budget. >> it hurt us, it hurt us trying to push other things and this is -- repealing obamacare, yes, keep talking about it and putting it in. unless obama signs a repeal of obamacare. >> sean: that's symbolic, that means obamacare will never be taken out. >> no, it isn't. i plan on winning the senate back in two years. >> sean: on health care, what you're suggesting is the republicans only do the symbolic vote to repeal, but not really take the stand to do it. >> i think shutting down the government would not-- >> we're not going to shut down the government. that's obama's line. >> no, shut down the government, you're saying it's important it doesn't ruin the credit rating and medicare
gang busters, first republican congress in 40 years, we cut taxes and that gave us the magnificent economy that clinton brags about and yet, that government got shut down in the end of 1995, our first, the republicans first term there. it really, really hurt republicans because it looks like we can't care about the things that-- >> they hung on, they won. not only that, but that's how we got to a balanced budget. >> it hurt us, it hurt us trying to push other things and this is --...
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the hardships of the small cyprus economy part of the much bigger crisis. we're talking. one five million people but in reality this is a problem which has not been addressed since two thousand and seven two thousand and eight and previous to that with the issuance of huge amounts of debt into the system and in the united states. the only recourse which exists is to tap the remaining collateral in the system which is the saving sooner or later if you keep on stealing savings you're going to have asked it something which is relevant in a country. people. say in france. they are not strong financially. i mean. countries being the test to see whether savings can be stolen. it's. still. made his four chain after the breakup of the soviet union a hugely controversial character now we've heard in an interview that with a party given by mr brzezinski his latest friday the day before he died in a conversation with a journalist he talked of his longing to return home to russia and we've also heard from the russian president's press attash a he said that two months ago a the presid
the hardships of the small cyprus economy part of the much bigger crisis. we're talking. one five million people but in reality this is a problem which has not been addressed since two thousand and seven two thousand and eight and previous to that with the issuance of huge amounts of debt into the system and in the united states. the only recourse which exists is to tap the remaining collateral in the system which is the saving sooner or later if you keep on stealing savings you're going to...
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really happening to the global economy with. no holds barred global financial headlines kaiser reports. to business i'm katie i am now self africa plays host to the bric summit this week in south africa and i doubt the latest worries of the eurozone and the crisis in cyprus will be discussed as well as establishing a brics development bank the emerging economies also face a general sense that some of the shine has perhaps come off their economists rarely generating the same excitement as before among investors bought nevertheless still boasting an enviable growth record when compared with the stagnating west now the taliban is in south africa with all the latest. the emerging nations of brazil russia india china and south africa make up for nearly half of the world's population and a third over its g.d.p. the so-called brics countries are seeking greater sway in global finance to match their rising economic power they've been calling on for an overhaul of management of the international monetary fund and the world bank giving th
really happening to the global economy with. no holds barred global financial headlines kaiser reports. to business i'm katie i am now self africa plays host to the bric summit this week in south africa and i doubt the latest worries of the eurozone and the crisis in cyprus will be discussed as well as establishing a brics development bank the emerging economies also face a general sense that some of the shine has perhaps come off their economists rarely generating the same excitement as before...
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Mar 20, 2013
03/13
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KTVU
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. >> it really brings a lot of money and it helps the economy. >> we want to do is make sure that people know that the event is happening this clear. >> reporter: the new organizers say that the large festival will be scaled back. >> we're not going to have seven stages. we'll go back to the way carnaval started. >> reporter: residents and business owners gatted at at this theater to organize, volunteer and offer to help raise money. in san francisco, rob roth, ktvu channel 2 news. >>> uc students hoping to earn degree credits online may not be able to after all. university of california faculty leaders announced their opposition to legislation that would allow public college students to earn credits online. the bill would allow students who can't get into overcrowded classes to take similar online courses from outside institutions. >>> state where sheman tom amemiano introduced legislation that would make policing cannabis laws the responsibility of california alcoholic bench control. it would provide a structure for medical cannabis cultivation, processing, testing and description. >>>
. >> it really brings a lot of money and it helps the economy. >> we want to do is make sure that people know that the event is happening this clear. >> reporter: the new organizers say that the large festival will be scaled back. >> we're not going to have seven stages. we'll go back to the way carnaval started. >> reporter: residents and business owners gatted at at this theater to organize, volunteer and offer to help raise money. in san francisco, rob roth,...
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find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune in to kaiser report. when their own country can't offer them a living even loving mothers sometimes have to leave their children behind. i don't like to wonder just a bit longer. if the dream of millions of migrants that then children might choose their motherland. is. i want my children to win over moscow. russia has become this stepmother land meets migrants working hard to find a way home. some account is the oldest city in central.
find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune in to kaiser report. when their own country can't offer them a living even loving mothers sometimes have to leave their children behind. i don't like to wonder just a bit longer. if the dream of millions of migrants that then children might choose their motherland. is. i want my children to win over moscow. russia has become this stepmother land meets...
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Mar 24, 2013
03/13
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FBC
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. [applause] john: we are back with "students for liberty" in washington d.c. where i'm impressed 1,000 of you choose to spend your weekend debating things like constitutional psychology and hijacked and i was more interested in alcohol and it was legal as a drinking age was 18 but now it is 21 and most do this are younger than an ad and drug czar illegal. students, i assume none of you ever drink or use drugs? [laughter] i know what you to incriminate yourself for parents may be watching but how many think most break the drug or alcohol laws? just about everybody kennedy was a tv personality at mtv and was 20 and grew up in the music business there was no lawbreaking or drug use there? >> not on my end because i made the
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. [applause] john: we are back with "students for liberty" in washington d.c. where i'm impressed 1,000 of you choose to spend your weekend debating...
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to give shares in state institutions and bear off lot of eccentric cetera and he did it he gave the economy away so he ruled over very little had no power and because off he was at the top of the hill so this is how he generated his wealth ok he didn't earn it but now you talk about a wealthy man you've met him and there's yes and ohm arrogant he was full of themself ok but a lot of security around him an enormous amount of security he was paranoid for good reason there were attempts on his life and he left because he was worried for his life ok he took his money with him or at least a good part of it is sold a self-imposed exile in learned it was a solicitor sleep it was an escape he left it was he would have been charged with all kinds of criminal offenses all the reservation self-preservation not going to get out of and then revenge ok what about what about one of the you know one of the high profile cases was probably wasn't really that it been going to the polonium poisoning worked for a bit of skin so litvinenko world would be better off in what capacity to look for dirt to look for d
to give shares in state institutions and bear off lot of eccentric cetera and he did it he gave the economy away so he ruled over very little had no power and because off he was at the top of the hill so this is how he generated his wealth ok he didn't earn it but now you talk about a wealthy man you've met him and there's yes and ohm arrogant he was full of themself ok but a lot of security around him an enormous amount of security he was paranoid for good reason there were attempts on his...
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Mar 22, 2013
03/13
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KTVU
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each time it brings in an estimated $20 million to the local economy. >>> tipoff for the cal-syracuse game is 6:30 tomorrow night. the 12th seated bears are definitely the underdogs. last night they pounded montana. 81 to 34. sadly the other bay area teens, st. mary's came close but loss to memphis. by the way, yesterday's biggest upset was 14th seed harvard knocking out third seat new mexico 68-62. gee. i wonder what you will be doing tomorrow night, sal. >> i have my book club. you know that. >>dding.
each time it brings in an estimated $20 million to the local economy. >>> tipoff for the cal-syracuse game is 6:30 tomorrow night. the 12th seated bears are definitely the underdogs. last night they pounded montana. 81 to 34. sadly the other bay area teens, st. mary's came close but loss to memphis. by the way, yesterday's biggest upset was 14th seed harvard knocking out third seat new mexico 68-62. gee. i wonder what you will be doing tomorrow night, sal. >> i have my book club....
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block by actual advisor warren pollack tells us the hardships of small cyprus is economy are part of a much bigger crisis. we're talking now about cyprus which has one point one five million people but in reality this is a global problem which has not been addressed since two thousand and seven two thousand and eight and previous to that with the issuance of huge amounts of debt and into the system both year and in the united states and when that dead goes bad the only recourse which exists is to tap the remaining collateral in the system which is the saving sooner or later if you keep on sort of stealing savings you're going to have popular unrest it's something which is relevant in a country that is one point one five million people but when you start to see unrest let's say in france where they are not as strong financially as well as germany i mean we can stephanie see the small countries being the test to see whether savings can be stolen on a wider scale. the rescue package coming at a high cost for cyprus that struggle to keep its tax haven status president even threatened to
block by actual advisor warren pollack tells us the hardships of small cyprus is economy are part of a much bigger crisis. we're talking now about cyprus which has one point one five million people but in reality this is a global problem which has not been addressed since two thousand and seven two thousand and eight and previous to that with the issuance of huge amounts of debt and into the system both year and in the united states and when that dead goes bad the only recourse which exists is...
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Mar 26, 2013
03/13
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LINKTV
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economy. the euro/dollar is currently on the rise. >> as the economic crisis in cyprus deepens, china and russia have announced the creation of an alternative banking system that will provide a counterbalance to the imf and world bank. the leaders of those countries along with those from brazil, india, and south africa are meeting for a summit to hammer out a joint strategy to harvest -- contest their growing economic power. it is likely to focus on infrastructure financing, a direct challenge to seven decades of dominance by the world bank. >> with this summit, the brits are hoping to kickstart development that will bring financial independence. the quintet say they are keen to form a counterbalance to the established powers of the world bank and international monetary fund. the group is considering a joint reserve pool worth 93 billion euros, designed to help emerging economies having payment difficulties, and the development bank with a budget of nearly 40 billion euros, designed to improve
economy. the euro/dollar is currently on the rise. >> as the economic crisis in cyprus deepens, china and russia have announced the creation of an alternative banking system that will provide a counterbalance to the imf and world bank. the leaders of those countries along with those from brazil, india, and south africa are meeting for a summit to hammer out a joint strategy to harvest -- contest their growing economic power. it is likely to focus on infrastructure financing, a direct...
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Mar 24, 2013
03/13
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CNNW
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first of all, as long as the economy economy remains weak, also the economy gets stronger, we'll have more revenue and, also, if the economy gets stronger, then i start to become a hawk if the economy is strong enough. by no means am i saying, we have to stay in this mode under all conditions. under these questiconditions yo to do that. the idea that necessarily we're going to be facing higher interest rates some time soon is by history. look at japan. japan has been running large deficits, as much as twice the debt burden that we have. still very low interest rates. just not a story that you should place a lot of weight on and, by the way, the projections right now about what the interest burden on the federal budget will be in the year 2023, they say that it will be as high as it was in 1991, 1992. we actually had interest payments that were over 3% of gdp under bush one and then they came way down. people said, oh, look at these scary numbers about rising interest payments, they, the scenario we're supposed to be afraid of is the things we go back to the way they were 20 years ago,
first of all, as long as the economy economy remains weak, also the economy gets stronger, we'll have more revenue and, also, if the economy gets stronger, then i start to become a hawk if the economy is strong enough. by no means am i saying, we have to stay in this mode under all conditions. under these questiconditions yo to do that. the idea that necessarily we're going to be facing higher interest rates some time soon is by history. look at japan. japan has been running large deficits, as...
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Mar 26, 2013
03/13
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KCSMMHZ
tv
eye 68
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economy. the euro/dollar is currently on the rise. >> as the economic crisis in cyprus deepens, china and russia have announced the creation of an alternative banking system that will provide a counterbalance to the imf and world bank. the leaders of those countries along with those from brazil, india, and south africa are meeting for a summit to hammer out a joint strategy to harvest -- contest their growing economic power. it is likely to focus on infrastructure financing, a direct challenge to seven decades of dominance by the world bank. >> with this summit, the brits are hoping to kickstart development that will bring financial independence. the quintet say they are keen to form a counterbalance to the established powers of the world bank and international monetary fund. the group is considering a joint reserve pool worth 93 billion euros, designed to help emerging economies having payment difficulties, and the development bank with a budget of nearly 40 billion euros, designed to improve
economy. the euro/dollar is currently on the rise. >> as the economic crisis in cyprus deepens, china and russia have announced the creation of an alternative banking system that will provide a counterbalance to the imf and world bank. the leaders of those countries along with those from brazil, india, and south africa are meeting for a summit to hammer out a joint strategy to harvest -- contest their growing economic power. it is likely to focus on infrastructure financing, a direct...
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Mar 25, 2013
03/13
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FOXNEWSW
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overwhelmingly shows by increased economic growth but the duty is even low-skilled immigrants are good for this economy. they are benefiting not just people like me or people working in washington d.c. because they know their lawn, watched their children but this is not the zero sum game and the data is clear it is a no-brainer. john: of the immigrant pains my house we are richer? >> yes. because he is cheaper e makes construction and prices lower for all of us. john: adits minder standing everything cost less and we get richer. >> to focus on the gdp if we would provide amnesty to 12 million in legal immigrants yes a total sum of products manufactured would grow. >> the more people in the bigger it gets but it is abstract but it doesn't mean anything for the public because if you find a the government with low-end jobs gdp is rising but opportunities for meaningful growth are eroding. john: what would you do with the 12 million who are here? >> you remove them as identified by law and allow them to leave voluntarily. if we have the incentives in place they would self to port with attrition. john: make
overwhelmingly shows by increased economic growth but the duty is even low-skilled immigrants are good for this economy. they are benefiting not just people like me or people working in washington d.c. because they know their lawn, watched their children but this is not the zero sum game and the data is clear it is a no-brainer. john: of the immigrant pains my house we are richer? >> yes. because he is cheaper e makes construction and prices lower for all of us. john: adits minder...
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Mar 25, 2013
03/13
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LINKTV
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the economy is on the edge. how is this a win? >> it is a win in a technical stents -- a sense. they would not fund -- because of that overnight agreement, that bankruptcy has been averted. on the ground, in reality, there are people there who are desperate to get money out. there are concerns in brussels about future bailouts. it is only a win in that very narrow definition of not having suffered the first bankruptcy of a national bank in the european union. but beyond that, we wait and see. >> as you indicated, this is not just cyprus. it is much broader. they are concerned to save -- to say the least. what guarantees do they have at their money is safe in the eurozone? >> if you are a small savor in the bank, bureaucrats here will tell you that cyprus was one off. yes, we came close to breaking bank accounts, but it did not quite happen, so rest calm. people responding to that is that so far, every time there has been a a lot or crisis, it has been a one off. greece was a one off and it could not happen again in that form. spain, portugal, italy. what's a cyprus has done is r
the economy is on the edge. how is this a win? >> it is a win in a technical stents -- a sense. they would not fund -- because of that overnight agreement, that bankruptcy has been averted. on the ground, in reality, there are people there who are desperate to get money out. there are concerns in brussels about future bailouts. it is only a win in that very narrow definition of not having suffered the first bankruptcy of a national bank in the european union. but beyond that, we wait and...
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Mar 25, 2013
03/13
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KCSMMHZ
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the economy is on the edge. how is this a win? >> it is a win in a technical stents -- a sense. they would not fund -- because of that overnight agreement, that bankruptcy has been averted. on the ground, in reality, there are people there who are desperate to get money out. there are concerns in brussels about future bailouts. it is only a win in that very narrow definition of not having suffered the first bankruptcy of a national bank in the european union. but beyond that, we wait and see. >> as you indicated, this is not just cyprus. it is much broader. they are concerned to save -- to say the least. what guarantees do they have at their money is safe in the eurozone? >> if you are a small savor in the bank, bureaucrats here will tell you that cyprus was one off. yes, we came close to breaking bank accounts, but it did not quite happen, so rest calm. people responding to that is that so far, every time there has been a a lot or crisis, it has been a one off. greece was a one off and it could not happen again in that form. spain, portugal, italy. what's a cyprus has done is r
the economy is on the edge. how is this a win? >> it is a win in a technical stents -- a sense. they would not fund -- because of that overnight agreement, that bankruptcy has been averted. on the ground, in reality, there are people there who are desperate to get money out. there are concerns in brussels about future bailouts. it is only a win in that very narrow definition of not having suffered the first bankruptcy of a national bank in the european union. but beyond that, we wait and...
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it's actually raised hopes that attention can move towards some kind of recovery for the small island economy however let's see what kind of repercussions the deal may have for the rest of europe i suppose a worst case scenario here nervous investors fear that a president ultimately could pull their money from banks in other countries also the issue that say was could just cause a run on the banks in cyprus feeding their money is safe in their own hands than perhaps digitised up in some banking system or if they do pull out their money that's going to hit the capital the banks need to hold and could ultimately trigger another world scale credit freeze was certainly none of this is helping the e.u.'s public reputation talk about mounting euros skepticism at the moment sixty seven percent of cypriots want to leave the block financial adviser warren told us that the hardships of the small cyprus economy are actually part of the much bigger crisis. we're talking. one five million people but in reality this is a problem which has not been addressed since two thousand and seven two thousand and eig
it's actually raised hopes that attention can move towards some kind of recovery for the small island economy however let's see what kind of repercussions the deal may have for the rest of europe i suppose a worst case scenario here nervous investors fear that a president ultimately could pull their money from banks in other countries also the issue that say was could just cause a run on the banks in cyprus feeding their money is safe in their own hands than perhaps digitised up in some banking...
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why don't what's really happening to the global economy with. for a no holds barred look at the global financial headlines tune into kinds a report on r t. on the road to bass for this morning the u.s. army is beginning to withdraw from iraq. in december twentieth after nine years of occupation the last american troops are finally leaving the country. every guy got in about it and i do have a little bit of the iraqis anger towards the departing invaders who once dreamed of being liberators their departure resembles abandonment and escape despite the optimistic speeches. cease. april twenty twelve and i'm back in iraq in soho on the border with turkey. i have an appointment this morning with a lebanese taxi.
why don't what's really happening to the global economy with. for a no holds barred look at the global financial headlines tune into kinds a report on r t. on the road to bass for this morning the u.s. army is beginning to withdraw from iraq. in december twentieth after nine years of occupation the last american troops are finally leaving the country. every guy got in about it and i do have a little bit of the iraqis anger towards the departing invaders who once dreamed of being liberators...
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that the island will avoid a default the euro group has signed off on the rescue plan for the ailing economy and let's now get the details from these tests are c.b.s. tests are very nice to see you so it looks like the laws each deal has finally been struck or does it apply. we're. really going to last minute. trying to meet a twenty fifth of march deadline to start. cutting our liquidity right now and leave us details we have. will be a restructuring of the country's largest bank you are. going to happen is going to be having a. bad bank so first of all. the one hundred thousand euros will be protected and a move to transfer to the bank of cyprus that is the largest lender of the country right. above one hundred thousand euros taking a last load will be quite a substantial last obo you have to root for that actual percentage. right now. because of the orders a class. has. a share of the spline now remember only an effort to get ten billion euro bailout from of the e.u. so in fact we are going to be getting it to avoid bankruptcy. really are fed up for the past a week now. on sunday but the
that the island will avoid a default the euro group has signed off on the rescue plan for the ailing economy and let's now get the details from these tests are c.b.s. tests are very nice to see you so it looks like the laws each deal has finally been struck or does it apply. we're. really going to last minute. trying to meet a twenty fifth of march deadline to start. cutting our liquidity right now and leave us details we have. will be a restructuring of the country's largest bank you are....
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that express lane every day and i can no longer control my impulse buys so i think it's good for the economy. they shouldn't be recalling them. they should be compulsory. >> make sure you buy everything nine items at a time. >> i do now, i do. >> lululemon, i stayed out of that. i work out basketball, in an old paint ball t-shirt. >> hope we never see them on rush limbaugh on "the tonight show" hosted by jimmy fallon. >> thank you to both of you. >> thank you. >> they're so funny. >>> this bowl sold for $2.2 million at auction. that's a nice investment. >> we're going to warm up. looking good, good. >> we're going to be putting this device on sanjay and raise the heart rate. >> i'm dr. sanjay gupta, this weekend, how wireless health care could change your life. >> it's very much more sophisticated way to assess somebody's fitness real time and allow them to create a plan around their fitness. >> everything's getting more and more precise, to help you elongate your career or make it the best you cannen. >> i'm continually interested in and fascinated by how much athletes, patients, everybody
that express lane every day and i can no longer control my impulse buys so i think it's good for the economy. they shouldn't be recalling them. they should be compulsory. >> make sure you buy everything nine items at a time. >> i do now, i do. >> lululemon, i stayed out of that. i work out basketball, in an old paint ball t-shirt. >> hope we never see them on rush limbaugh on "the tonight show" hosted by jimmy fallon. >> thank you to both of you. >>...
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and it will be the biggest boone we could ever imagine to this economy. >> speaking of that, the economy and this economic impact, as you know, it's obviously a huge issue, and according to the center -- a study by the center of american progress, passing comprehensive immigration reform this year would create 200,000 jobs a year for the next ten years. it would add $1.4 trillion to our gdp, and it would add almost $800 billion in personal income. so the american people are going to pay a pretty heavy price if we don't get immigration reform passed this year and there's certainly an economic argument to be made. do you think that your colleagues on capitol hill, particularly those who are still resistant, understand how high the stakes are? >> i'm glad that these studies are being done. i think these studies are actually telling the truth. at the same time, unfortunately, i think the people afraid to vote for comprehensive immigration reform are thinking about one person and one person only. themselves. they're not thinking about the community, the district they represent or the state or
and it will be the biggest boone we could ever imagine to this economy. >> speaking of that, the economy and this economic impact, as you know, it's obviously a huge issue, and according to the center -- a study by the center of american progress, passing comprehensive immigration reform this year would create 200,000 jobs a year for the next ten years. it would add $1.4 trillion to our gdp, and it would add almost $800 billion in personal income. so the american people are going to pay a...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> let me finish tonight with this. there's a scene in "gone with the wind" when young southern boys are throwing their hats in the air and cheering. what's got them so thrilled is that war has broken out with the north. the book end of that scene comes at the end of the scene when the body is strewn as far as the eye can see it, those same young men after four years of bloody civil war. it would take the lives of 600,000 americans, soldiers who spoke the same language, shared the same religion faith and history. at the end of the war, what could we have done to stop it? one thing is a vital free press. men and women set on telling the truth. the faults in the intelligence, the alternative paths that the leaders have f
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> let me finish tonight with this. there's a scene in "gone with the wind" when young southern boys are throwing their hats in the air...
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>> reporter: will drivel through the local economy. $20million every time the ncaa comes to town. this is the third time in seven years. >> 15, 17 hours a day, we've been here in the building. we love it. it's march madness, it's fantastic. >> reporter: with ice hockey a shortened season, six basketball games over today and saturday are especially welcome. for cal, it's almost like a home court. >> fans are so close to the action. it creates a terrific atmosphere. >> reporter: loud too at local bars and restaurants, where the games dominate tv. >> cardinal fans, rams fans, th st. louis got their win, then watched all day. >> i can't believe how clean and beautiful the city is. everybody that we've seen has been so great to us. even the opposing team. >> especially the first two days of the ncaa tournament. a lot of upsets. you can hear the buzz, and people are pretty fired up here. >> reporter: once a cal player, now a fan, this dad paid $100 a ticket. >> i've only been here to see madonna. never been here for a sporting event. it's clean, high-tech. we're in silicon valley, it's
>> reporter: will drivel through the local economy. $20million every time the ncaa comes to town. this is the third time in seven years. >> 15, 17 hours a day, we've been here in the building. we love it. it's march madness, it's fantastic. >> reporter: with ice hockey a shortened season, six basketball games over today and saturday are especially welcome. for cal, it's almost like a home court. >> fans are so close to the action. it creates a terrific atmosphere....
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so they don't have that kind of economy. they have to lean on the shoulders of the ecb. it does seem to be relatively contained over there. >> zain, jim, thanks so much to both of you. appreciate it. >> heers more here's more of what we're working on this hour for "around the world." a mexican politician we're going to show you now. she's saying she was not a former pole girl. >> she only worked as a model and posed in lingerie as a favor for a friend. >> also a nude baby picture of the universe from billions of years ago. >> then what scientists are learning from this very amazing photograph. >> very beautiful. and even the pope has to get things in order now. >> one thing he can check off his list now, canceling his newspaper subscription. [ female announcer ] born from the sweet monk fruit, something this delicious could only come from nature. discover nectresse™. the 100%-natural no-calorie sweetener made from the goodness of fruit. nectresse™. sweetness naturally. has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it ma
so they don't have that kind of economy. they have to lean on the shoulders of the ecb. it does seem to be relatively contained over there. >> zain, jim, thanks so much to both of you. appreciate it. >> heers more here's more of what we're working on this hour for "around the world." a mexican politician we're going to show you now. she's saying she was not a former pole girl. >> she only worked as a model and posed in lingerie as a favor for a friend. >> also...
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for more on the cyprus turmoil i'm joined by political economy expert marcus kava. kava we leave that appears to be a standoff between the e.u. and cyprus with the neither side willing to make concessions do you expect either side to give in where for the time being the cyprus side has gained the upper hand and the blackmail the blackmailing policy which is made by the cyprus government seems to work out or those type is one hundred percent to spend and on the willingness of the european union to bail the island out let's remember one thing cyprus represents about what zero point seven percent of the gross national product of the eurozone so it's not an essential part of the euro zone's and bailouts are only allowed to cling to the statutes of the european stability mechanism if a country really represents an essential part. of the eurozone and its stability is vital for the stability of the sustainability of the euro zone i think we have to come up with very clear decisions cyprus is no longer part of the eurozone and the behavior of the cyprus politicians shows wh
for more on the cyprus turmoil i'm joined by political economy expert marcus kava. kava we leave that appears to be a standoff between the e.u. and cyprus with the neither side willing to make concessions do you expect either side to give in where for the time being the cyprus side has gained the upper hand and the blackmail the blackmailing policy which is made by the cyprus government seems to work out or those type is one hundred percent to spend and on the willingness of the european union...
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the country's second largest bank it's the economy. a couple thousand people are going to lose their jobs here. and since the since the first. flight from cyprus hasn't. frankfurter allgemeine zeitung is reporting this is despite the euro group putting a freeze let's not underestimate this they froze the entire retail banking sector of the country for a week. given to fingers by local law makers i mean at the same time i were hearing this phrase or that of a casino capitalism being thrown about what do you make of that yeah yeah well let's get back to from moscow perspective very quickly the prime minister dmitry medvedev said this morning that he felt that the europeans were stealing what has already been stolen i think that's a reference to cyprus is off shore status the casino capitalism line is a line that french foreign minister for example trotted out this morning i think it's a line they're using to justify what it is what it is that they're doing and let's not forget that this is not the kind of term they were using when they i
the country's second largest bank it's the economy. a couple thousand people are going to lose their jobs here. and since the since the first. flight from cyprus hasn't. frankfurter allgemeine zeitung is reporting this is despite the euro group putting a freeze let's not underestimate this they froze the entire retail banking sector of the country for a week. given to fingers by local law makers i mean at the same time i were hearing this phrase or that of a casino capitalism being thrown about...
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(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> i'm back now to talk more about jerry sandusky. so let me just get this straight. you don't dispute that jerry sandusky abused boys in the shower, and this boy in particular in the shower, right? >> jerry sandusky as i said in the previous segment had his day in court. joe paterno never did. that's always been my focus. i believed from the beginning -- >> answer my question. answer my question. you don't dispute that he abused boys in the shower. >> the evidence is there, he was convicted. i have no problem with that. >> do you know why joe paterno was fired? >> he was allegedly fired for not protecting the very boy whose interview i'm holding in my hand, the day he got fired that there was nothing -- no reason to protect him. >> let me remind you, the board found that while paterno -- >> you are going to quote the penn state board of trustees? >> an employee claimed sandusky abused a young boy in the shower, paterno should have done more. it was
(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> i'm back now to talk more about jerry sandusky. so let me just get this straight. you don't dispute that jerry sandusky abused boys in the shower, and this boy in particular in the shower, right? >> jerry sandusky as i said in the previous segment had his day in court. joe paterno never did. that's always been my focus. i believed from the beginning --...
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so is there is a connection between tallest building and strongest economy? now, an economist named andrew lawrence is behind something called the skyscraper index which shows that the construction of very tall buildings is actually a great way to predict the onset of economic changes. so here's how it works. when a skyscraper begins construction, everybody is all excited, ebuhl yent, right, the country is growing. usually too excited and there is a dramatic plunge in the economic outlook of a country. but according to the index, once the skyscraper has finally finished, the economy will be climbing back. one world trade center will be america's tallest tower when it is completed next year. and even though americans' confidence in the economy is bad, our new tallest building seems to indicate things are looking up. hey, you know, i know it's just one tower. and sure, it's a rather thin hope. but if thein be detection holds true, america's economy is going to be in a way better place, a lot sooner than anybody thought. anderson cooper starts now. >> erin, than
so is there is a connection between tallest building and strongest economy? now, an economist named andrew lawrence is behind something called the skyscraper index which shows that the construction of very tall buildings is actually a great way to predict the onset of economic changes. so here's how it works. when a skyscraper begins construction, everybody is all excited, ebuhl yent, right, the country is growing. usually too excited and there is a dramatic plunge in the economic outlook of a...
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find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines tune into kinds a report on our. goal or. iraq. coming up on my. clock. coming on. the back.
find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines tune into kinds a report on our. goal or. iraq. coming up on my. clock. coming on. the back.
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by controlling the economy i mean controlling the wealth and the. people. so what we see now is like a trade between what people are only was a blood. and sweat against. backed. currency like the. euro and it's really it's really sad to see actually but again it's only because it is a small you can treat. a country like france for example which is a big country and. germany will actually pay for for ok all right well thank you very much mr corbell we do have to leave it there but thank you for your insight into this and we are awaiting to see what does happen next as alice alex political analyst. could russian ruble would be one of the reasons the e.u. wasn't willing to fully cyprus that is the baiting cross talk. like today. the germans were only agreed to this bailout if the russians depositors which is a lot is about thirty billion dollars worth of russian money in those banks they don't get away scot free and it's because of deposits overwhelmingly the people who are getting by this tax on depositors are cypriots. and the notion that russian oli
by controlling the economy i mean controlling the wealth and the. people. so what we see now is like a trade between what people are only was a blood. and sweat against. backed. currency like the. euro and it's really it's really sad to see actually but again it's only because it is a small you can treat. a country like france for example which is a big country and. germany will actually pay for for ok all right well thank you very much mr corbell we do have to leave it there but thank you for...
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find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines two kinds a report. with. the consensus here to. choose the opinions that to. choose the stories that impact your life choose access to. welcome back a wave of deadly violence and assassinations have mark the tenth anniversary of the u.s. led invasion of iraq at least sixty five people were killed in a series of blasts in baghdad on tuesday which became the deadliest day in iraq so far this year and as artie's lucy cuffing of explains from the capital a decade after western coalition stepped in to bring freedom and democracy stability is still eluding the nation iraq in the immediate moment is dealing with the numerous political problems there's tension on the ground between the sunni populations in the shia led government there's conflict over oil deals frustration with the political system accusations of corruption and strife and of course the daily insurgency the attacks that of course have gone down significantly since the height of the war that's st
find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines two kinds a report. with. the consensus here to. choose the opinions that to. choose the stories that impact your life choose access to. welcome back a wave of deadly violence and assassinations have mark the tenth anniversary of the u.s. led invasion of iraq at least sixty five people were killed in a series of blasts in baghdad on tuesday which became the...
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political analysts i'm the damage to the cypriot economy is already done regardless of what the government and the finance ministers decide. this is exactly the same government that we're talking about that had accepted only a few days ago a catastrophic plan that was dictated by the euro group who were negotiating only be only for it to be rejected by this it pretty parliament so why would anyone believe them this time around the country if you know a way of getting out of this mess by this point to be honest or at least in the medium or even the short and i don't think there's any sustainable way way out as you may have read already as you may already know the world bank as well as you warned. that risk for a contagion of us a good price is another thing that's so i guess the risk of thing that's becoming more and more a very strong possibility and almost a certainty it doesn't really matter whether whether these actually whether measures are implemented or not and whether that trading haircut is fifteen or twenty to twenty five percent which is pretty much the subject of a discussion of
political analysts i'm the damage to the cypriot economy is already done regardless of what the government and the finance ministers decide. this is exactly the same government that we're talking about that had accepted only a few days ago a catastrophic plan that was dictated by the euro group who were negotiating only be only for it to be rejected by this it pretty parliament so why would anyone believe them this time around the country if you know a way of getting out of this mess by this...
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this economy which is very dependent on financial services. will 50% of the economy will definitely suffer so it is a huge, huge fight. plus, a lot of people are going to have to lose money if they've had uninsured deposits in those banks. in other words, were they above the insurance threshold? did they have more than 100,000 euro? which is approximately $130,000 in their accounts? they may lose 30, 40, 50% of that cash and instead get shares or bonds in a future bank that they don't know how much it will be worth. extremely complicated. sufficed to say what is perhaps on the line, perhaps poe tlings the first country leaving the euro. >> from cyprus for us, thank you, michelle. >>> back here, a new twist in the search for the man who gunned down the colorado corrections chief including reports that the murder was ordered by a white supremacist gang. we're live in monument, colorado with an update on that. >>> first a lot going on. a few things we thought you should know. an interesting story today in business week. it says mitt romney strugg
this economy which is very dependent on financial services. will 50% of the economy will definitely suffer so it is a huge, huge fight. plus, a lot of people are going to have to lose money if they've had uninsured deposits in those banks. in other words, were they above the insurance threshold? did they have more than 100,000 euro? which is approximately $130,000 in their accounts? they may lose 30, 40, 50% of that cash and instead get shares or bonds in a future bank that they don't know how...
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as you know it will no matter what happens tonight and if your father sees a professor of political economy at the university of nicosia believes that would be dark repercussions to the support nation if it didn't comply with the street bailout terms. there is a political willingness by the government to reach an agreement for the bailout with the troika but it seems that they're making it more and more difficult with you in new demands they fear that exists in case that all demands of the trade got accepted i mean it would be very difficult for these under one of these agreement to be viable in the sense that it will throw the country huge fiscal cliff and the huge recession and the vicious circle and it will be extremely difficult if not impossible to get out of it this is unprecedented cyprus lost twenty five percent of its g.d.p. almost two years ago when there was the here a couple of the greek dead and there has been no compensation for that if these ideas being discussed are implemented there will be another hearing of the cyprus g.d.p. which will be around forty percent it will be i
as you know it will no matter what happens tonight and if your father sees a professor of political economy at the university of nicosia believes that would be dark repercussions to the support nation if it didn't comply with the street bailout terms. there is a political willingness by the government to reach an agreement for the bailout with the troika but it seems that they're making it more and more difficult with you in new demands they fear that exists in case that all demands of the...
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what matters the economy is shambles. they don't have jobs or food to put on the table. >> what is concerning, that we have on the defense side, f.b.i. training manuals that don't even mention the word islam. don't mention the word muslims or jihad. those have been completely purged. we also have nuclear defense missiles i think are cut ever since barack obama has come into office. yeah, now he is talking about interceptors over to alaska but that was only pretty much in response to the north korean threat because he got caught on that. rather than that all of our defenses have been going downward. >> sean: i agree, good point. joel, you have written from the last jihad and written a lot of novels. every time i read them i'm thinking these scenarios that you are writing about seem very possible to me. you have a very dark, twisted mind. [ laughter ] >> i look at worst case scenarios. that is where we are. the new novel is damascus count down. what if an american president miscalculates, he tries diplomacy and it doesn't w
what matters the economy is shambles. they don't have jobs or food to put on the table. >> what is concerning, that we have on the defense side, f.b.i. training manuals that don't even mention the word islam. don't mention the word muslims or jihad. those have been completely purged. we also have nuclear defense missiles i think are cut ever since barack obama has come into office. yeah, now he is talking about interceptors over to alaska but that was only pretty much in response to the...
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the ten billion euros in early may the euro group has signed off on the rescue plan for the ailing economy which apply is a restructuring of cyprus is the second largest bank and to have a levy on larger deposit holders. cities house. it's really been a last minute effort here trying to meet but monday twenty fifth of march deadline aside by the european central bank and cutting up liquidity there will be a restructuring of the country's second largest bank here we. know what's going to happen is they're going to be having to create. a bad bank so first of all. so the one hundred thousand euros will be protected and a move to transfer to the bank of cyprus that is the largest lender of the country well. above one hundred thousand euros will be taking a last. night after the sun some day but the essential bank impose a limit that people can take from a.t.m.'s there was a one hundred you will remember so we can see the cash. problem still being felt here the ground up people are still really really frustrated and really anxious of what's going to be happening over the senior staff and family
the ten billion euros in early may the euro group has signed off on the rescue plan for the ailing economy which apply is a restructuring of cyprus is the second largest bank and to have a levy on larger deposit holders. cities house. it's really been a last minute effort here trying to meet but monday twenty fifth of march deadline aside by the european central bank and cutting up liquidity there will be a restructuring of the country's second largest bank here we. know what's going to happen...